Courier Capital LLC Sells 217 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Courier Capital LLC cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,517 shares of the company’s stock after selling 217 shares during the period. Courier Capital LLC’s holdings in Archer-Daniels-Midland were worth $912,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADM. Orion Capital Management LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Tompkins Financial Corp acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Operose Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $30,000. Rise Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the first quarter valued at about $34,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $35,000. 78.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of NYSE:ADM opened at $60.45 on Friday. The business’s 50 day simple moving average is $60.95 and its two-hundred day simple moving average is $61.41. The firm has a market cap of $29.89 billion, a P/E ratio of 10.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.62 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Bank of America decreased their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Citigroup increased their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.50.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.